81. What is Williamstown's cash balance at the end of its first year? A. $300,000B. $580,500C. $631,000D. $860,500 82. Classify each of the following cash flows as one of a cash flow from...

81. What is Williamstown's cash balance at the end of its first year?

A. $300,000
B. $580,500
C. $631,000
D. $860,500

82. Classify each of the following cash flows as one of a cash flow from operations (CFO), a cash flow from investing activities (CFI), a cash flow from financing activities (CFF) or a non-cash transaction (N).


A) Payment of cash dividends
B) Issuing common shares for cash
C) Principal repayments on long-term debt
D) Interest payments on long-term debt
E) Purchase of capital assets
F) Purchase of inventory
G) Collection of accounts receivable
H) Payment of salaries
I) Amortization expense
J) Sale of land

83. Identify where each of the following events or accounts would be found on the cash flow statement. Identify each as one of a cash flow from operations (CFO), a cash flow from investing activities (CFI), a cash flow from financing activities (CFF), a non-cash transaction (NC) or in cash and cash equivalents (CE).


A) Sales for cash
B) Issuing common shares for capital assets
C) Running an overdraft at the bank
D) Interest received on investments held
E) Purchase of shares in another company for cash
F) Payment of president's salary
G) Purchase of an aircraft for the president's business use
H) Amortization of the aircraft
I) Guaranteed Investment Certificates
J) Increase in long-term mortgage